G 8969

(Pages : 9)

R-eg.

No.---,----.-.............

Name.---

M.B.A. DEGREE (RDGI'IIIR) EXAMINATION, MARC'I 2OI3

First SieEester
ACCOTINTINC FOR MANACEMENT

(New Scheme-2012
Time

: lhree Ilours

Maximum : 60 MArks

Answer

'
1.

(a)

ail

All questinns catry equal marhs.

Describe difrerent accdunting concept atrd accounting conventions.

Ot

lb)

What is acmunling equation ? What are the different b.pes ofaccounls and state the rules of
accounting for recording the business tralsaqtion ? l{ret are the difrerent tjapes of cash
bmk ?

2. (a) Iournoligr Lbe followiDg traEsaclloD. Post them into ledger and prepare the Tlial Balance

ftly 2o1o
1 Ramesh

Rs.

mmmenced husiness with

and tmilding
2

Depositd into bank

Purchased goods for cash

Bought furniture for personal use

Drew fiom bank for office use

10

Ms

iz
l4

Bought goods of Jagannath

sold to Jayanta

Received cash

fioe Jayanta

Allol'ed him discount

cash

1,000

... 50,000
... . 9,000
... 500
..' 1,400
... 1,000
... 600
... 410
... 590
.,_ 10

18

Paid trade expenses

400

22

Paid wages

200

31

Paid Jagannath in full settlement

400

Or

(b)

What is pmfit and loss account and balance sheet and prepa.e with imaginary figure

Turn ovet

2
3.

(a)

C a069

Find out all possible ratios and evaluate the perfornrance and efficiirncy of management

ns.

Li4bilities
Capital

4O,0OO

... 40,00,000 l,and and Building

... 18,0O,OOO Plaat and Machinery ...
... 26,00,000 Stock
...
... 6,00,000 Debtors
.."
... 6,00,000- Cash and Bank
...

shares

Cftditor6
Profit and

Assels

Irss

6% Debntues

96,00,00t)

19,90,000

PutchaEe

...

Direct Elpenses

...
...

Gro&s

Profrt

1,09,06,000

slling and

Dirtributiou

...

financial Eipeoses

29,60,000
14,20,000
6,20,000

By sales
Closing stock

1,70,00,000
29,80,000

2,86,000
68,00,000

30,00,o00
6,00,000

1;S,so,od.ii
Grose

Profii Btd

Non Operating Income

68,00,000
1,80,000

3,00,000

Noo Operatidg Expenses ...

Neth!fit

16,00,000

AlC

1,99,80,000

To adminishativeElpense .,.

30,00,o00

96;00,0{0

PROFN AND LASS

To opeaing Stock

Rs.

...

80,000
30,00,000
69,80,000

69,80,000

Or

(b) Erplain the ned and Focedurc for prcpariog

cash flow EtateDeDt and erplain how its is

ditrerqrt froE fund llow atstement.

4.

(a)

Estimate the budAeted cost ofsales for 75% capacity and 100% Capacity based on the following
data for 60% capacity :
Rs.

Materid

per unit
100

Labour

50

Variable Expenses (Direet)

10

3
fixed)

40,000

Fixed

50.000

AdDinistrative Eapenses (50%

SelliDg snd Distributioo {60%

8969

Prcsent Producti,on (50%) Capacity 1.000 units

Ot

(b)

What is margin of safety, brealeven poio!. aJrd cost volume profit anslysis ? Explain CVp is
usful for managerial decision-making ?

Cohpulsory

6,

AuJn Sai

Ltd. uses standard costing

as follows

overhead
Budgeted hours
Budgetad output
Actual overhead
Actual hours
ActrrJ outpqt in units
Budgeted total

\./

sJ,1stm and

their results for tlie month of December 199g arc

...
...
...
...
.-.
...

Rs. 50,000 (Fixed 30,000 and variable 20,000)

2O.O0O

imits per hour

Rs.52,000 (Flixed 30,800 and variable 21,b00)

f6,000
30.000

Compare overhead vaiiance.

(5 x lZ = 60

ma*s)